8e14 Networks, Inc. – Cancels Auction and Designates Stalking Horse (also DIP Lender) VMware, Inc as Successful Bidder ($14.5mn Bid); Sale and Plan Confirmation Hearing Set for October 24th
October 17, 2022 – Further to a bidding procedures order [Docket No. 122], the Debtor notified the Court that, absent any further qualified bids beyond that of stalking horse bidder VMware, Inc.* (the “Stalking Horse Bidder,” also the Debtor’s DIP Lender, $14.5mn cash and credit bid), an auction of the Debtors' assets scheduled for October 19th…